KUALA LUMPUR (April 19): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks showed positive momentum while the remaining three displayed negative momentum.
Stocks with positive momentum were:
Emas Kiara Industries Bhd - up four sen at RM1.43
Spring Gallery Bhd - up eight sen at 77.5 sen
Asia Poly Holdings Bhd - unchanged at 26 sen
Stocks with negative momentum were :
Palette Multimedia Bhd - down 0.5 sen at nine sen
NWP Holdings Bhd - up 5.5 sen at 26.5 sen
Menang Corp (M) Bhd - up 2.5 sen at 82 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.